Seven Stars Cloud Group (NASDAQ:SSC) released its quarterly earnings data on Tuesday. The technology company reported ($0.06) earnings per share (EPS) for the quarter, Morningstar.com reports. Seven Stars Cloud Group had a negative net margin of 5.43% and a negative return on equity of 61.97%. The business had revenue of $185.93 million during the quarter.
SSC opened at $2.90 on Thursday. Seven Stars Cloud Group has a 12-month low of $2.79 and a 12-month high of $2.93.
An institutional investor recently bought a new position in Seven Stars Cloud Group stock. Cutler Group LP purchased a new position in shares of Seven Stars Cloud Group, Inc. (NASDAQ:SSC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 30,172 shares of the technology company’s stock, valued at approximately $139,000. Institutional investors and hedge funds own 1.57% of the company’s stock.
Separately, BidaskClub cut Seven Stars Cloud Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 27th.
Seven Stars Cloud Group Company Profile
Seven Stars Cloud Group, Inc operates as an Artificial-Intelligent (AI) and Blockchain-powered Fintech company in the People's Republic of China. The company provides asset owners and holders a method and platform for digital asset securitization, tokenization, and trading through managing and providing an infrastructure and environment that facilitates the transformation of traditional financial markets, such as commodities, currency, and credit into the asset digitalization.
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